[quote=Rich Toscano]
Actually, Japan’s low rates didn’t translate to an increase in the money supply. And they didn’t start quantitative easing (central banker euphemism for money printing) until 2001 — ie a decade after the bust started. So as far as the “printing press” goes, Bernanke and crew have already done what it took Japan over a decade to do.
Rich
[/quote]
That’s true. US economists have long puzzled why Japan didn’t start quantitative easing when they experience huge deflation.
